Decision details

Supporting the Economy Through Inward Investment, Capital Attraction and Tourism Activity

Decision Maker: WMCA Board

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

(1)      It was agreed to extend for two years (from April 2021) the current investment of £0.7m per annum from the WMCA revenue budget to the West Midlands Growth Company to support inward investment, capital attraction and tourism promotion activity.

 

(2)      The extension of £1.8m per annum from the investment programme, agreed by the Investment Board on 21 September 2020, thereby approving a total investment by WMCA of £2.5m per annum (£5m total) to the West Midlands Growth Company from April 2021, was endorsed.

Publication date: 13/11/2020

Date of decision: 13/11/2020

Decided at meeting: 13/11/2020 - WMCA Board

Accompanying Documents: